Etracs Monthly Pay Etf Market Value
| HDLB Etf | USD 15.47 0.15 0.98% |
| Symbol | ETRACS |
The market value of ETRACS Monthly Pay is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS Monthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Monthly's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ETRACS Monthly's market value can be influenced by many factors that don't directly affect ETRACS Monthly's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ETRACS Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Monthly's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ETRACS Monthly 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ETRACS Monthly's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ETRACS Monthly.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in ETRACS Monthly on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding ETRACS Monthly Pay or generate 0.0% return on investment in ETRACS Monthly over 180 days. ETRACS Monthly is related to or competes with Direxion Daily, Direxion Daily, and Direxion Daily. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent ... More
ETRACS Monthly Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ETRACS Monthly's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ETRACS Monthly Pay upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.104 | |||
| Maximum Drawdown | 5.19 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.86 |
ETRACS Monthly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS Monthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS Monthly's standard deviation. In reality, there are many statistical measures that can use ETRACS Monthly historical prices to predict the future ETRACS Monthly's volatility.| Risk Adjusted Performance | 0.1665 | |||
| Jensen Alpha | 0.1738 | |||
| Total Risk Alpha | 0.0583 | |||
| Sortino Ratio | 0.0986 | |||
| Treynor Ratio | 0.4255 |
ETRACS Monthly Pay Backtested Returns
ETRACS Monthly appears to be very steady, given 3 months investment horizon. ETRACS Monthly Pay secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ETRACS Monthly Pay, which you can use to evaluate the volatility of the entity. Please utilize ETRACS Monthly's Mean Deviation of 0.9671, downside deviation of 1.24, and Market Risk Adjusted Performance of 0.4355 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETRACS Monthly's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETRACS Monthly is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
ETRACS Monthly Pay has good predictability. Overlapping area represents the amount of predictability between ETRACS Monthly time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ETRACS Monthly Pay price movement. The serial correlation of 0.79 indicates that around 79.0% of current ETRACS Monthly price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
ETRACS Monthly Pay lagged returns against current returns
Autocorrelation, which is ETRACS Monthly etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ETRACS Monthly's etf expected returns. We can calculate the autocorrelation of ETRACS Monthly returns to help us make a trade decision. For example, suppose you find that ETRACS Monthly has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ETRACS Monthly regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ETRACS Monthly etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS Monthly etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS Monthly etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS Monthly Lagged Returns
When evaluating ETRACS Monthly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS Monthly etf have on its future price. ETRACS Monthly autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ETRACS Monthly autocorrelation shows the relationship between ETRACS Monthly etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS Monthly Pay.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ETRACS Monthly Pay is a strong investment it is important to analyze ETRACS Monthly's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ETRACS Monthly's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports:Check out ETRACS Monthly Correlation, ETRACS Monthly Volatility and ETRACS Monthly Alpha and Beta module to complement your research on ETRACS Monthly. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
ETRACS Monthly technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.